I'm a realist. It's not gloom and doom, it's looking at what is being done and comparing it to the results of what happened when the same thing was done in the past. There's nothing new under the sun really. History tells the story.
As to GE -
If memory serves, I sold my position in early in 2011. It was around $20/share. After I sold, I remember the stock suffered a little decline and actually, I didn't feel that bad about it at the time! But I knew GE was/is a solid company and that I would probably regret selling. Also, had personal needs not required me to sell, I would have most certainly bought as much more as I could have during that decline.
Sure enough, 14 dividends and several dollars higher later, I do regret it.
This coupled with the fact that most of the analysts covering the stock think it's a screaming buy, with Mean, High and Low target prices of 29,32 and 27 respectively (all higher than the current price) make me wish I still owned the issue. Not that the analysts have crystal balls - far from it. But they do it for a living and most times that are more right than wrong. My opinion.
I do believe that GE is a company that is too large and too diverse to go belly up, should the market decline to horrific lows. It will go down with the market (always has) but I think that investing in GE is sound decision. If I did still own it, I think it would be a stock to hold through the decline I feel is probably coming.
I used to be a mod here and liked the people who were on the board at the time (a few are still here).
Good luck to you.
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